In the crypto world, if you want to truly achieve financial freedom and compound interest, methods, techniques, and forming your own profit system are crucial!
Once you learn to master it, the cryptocurrency world will be like your "ATM", making money as easy as breathing!
After more than 8 years of trading cryptocurrencies, I summarize my wealth journey as follows:
The first ten million took the longest and was the most painful, with the trading system being continuously reshaped and polished, taking a year and a half.
The second ten million took three months.
The third ten million took only 40 days.
The fourth ten million took only 5 days.
75% of the funds were earned in half a year.
First, let’s talk about those who make money:
First of all, it is definitely not contract players. None of the contract players I know are making money; even if they made money at some stage, the final result is still a loss. The main essence of contracts is gambling, making money through probability. Of course, this has slightly better odds than betting on big or small, but it is roughly the same. Those who make money through contracts usually do so by leading contract communities; they have long realized that contracts cannot make money, so they turn to leading contract communities, old investors cutting new investors.
Here’s some advice for those who want to recover losses or make money through contracts: so many losing people stay in the crypto world just to break even, but there’s a harsh reality: most people cannot break even, nor can they make money, especially those who want to recover losses through contracts; it is a delusion. Those who make money through contracts in the market are rare, very few. Don’t fantasize about why you aren't that person. Honestly, if you want to recover losses through contracts, you are not cut out for it; no matter how much you lose, it’s the same— even if you go bankrupt, you cannot recover losses through contracts. Therefore, I advise those who want to recover losses through contracts to quit contracts; in other words, quit gambling.
What should spot traders do if they are losing money?
First, if the losses are not significant and the principal is still relatively large, meaning the principal and the losses are balanced, then recovering losses is relatively simple and easy, or in other words, if you need to multiply by less than 5 times to recover losses, it is possible. But the most important point is the buying and selling points. If you are stuck at a high point, it will be difficult. Most people can make money when the bull market starts or during the main upward trend of the bull market; losses occur from not knowing when to sell. After selling, during the distribution phase by the main force, repeatedly entering the market at high points leads to being harvested. Therefore, for retail investors, the selling position is actually very important, but selling is not the most important thing.
Most importantly, after selling, being able to maintain a cash position and wait is something that most people cannot do; it should be that 95% of retail investors cannot do it, and it is the fundamental reason why most people lose money. If you can sell at a relatively high point and not be influenced by analysts in the market or by various favorable news at the peak, and persist in holding cash, that is truly securing your gains, and that is how you can really profit.
